Standard Chartered Bank has settled a case with market regulator Securities and Exchange Board of India (Sebi) by paying Rs 57.2 lakh over alleged violations of foreign portfolio investor (FPI) norms in its role as a designated depository participant (DDP).
Sebi alleged that the bank failed to report delays in intimating material changes related to beneficial ownership of certain FPIs. It also cited delays in processing investor grouping changes in some cases, and said the bank granted exemptions from granular disclosure requirements to certain beneficial owners without ensuring compliance with the regulatory framework.
The regulator had issued a show-cause notice to the bank in April 2025. Subsequently, Standard Chartered filed a settlement application without admitting or denying the findings.
Following the payment of the settlement amount, Sebi has disposed of the show-cause proceedings.
First Published: Mar 17 2026 | 7:03 PM IST
